3219 Elyria Ave, Lorain, OH 44055

Welcome to this rare opportunity for a fully cash-flowing 4-plex! This large multi-family home is a solid investment opportunity and current rents are believed to be under current market value. Low operating expenses - with tenants paying their own heat/electric utilities. The property has four fully occupied units. Each unit consists of 1 bedroom and 1 full bath. Rents for the units currently are: unit 1, $300.00/month, month-to-month lease, unit 2, $375.00/month, month-to-month lease; unit 3, $400.00/month, month-to-month lease; unit 4, $400.00/month,;month-to-month lease. Units 1 and 2 are on the main level, units 3 & 4 are on the second level. Units 3 & 4 have been recently updated within the past few years with newer flooring and carpet. Unit 1 updates within the past few years include fresh paint, newer carpets, and newer light fixtures. Unit 2 has a newer high energy efficient furnace (2013). Both unit 1 and unit 2 have their own separate basement. Some other updates throughout the entire property include newer roof (2015), newer copper drains and water lines throughout the building, and four updated breaker panels (2013). The seller prefers to sell this property (Parcel ID #0300098124002) (MLS #4503847) AND his DUPLEX (Parcel ID #0300098124026)(MLS #4503849) next to it as a PACKAGE deal. Seller willing to give a 10% discount for the total package deal bought together which would bring the purchase price to $220,410. Call now to learn more!